Citi released a research report stating that Budweiser Asia Pacific's target price was lowered from HK$10.8 to HK$8.7, maintained a “buy” rating, and lowered the 2026-2028 core net profit forecast by 10%, 13%, and 11%, respectively, due to a 2% reduction in sales forecasts for each year, while taking a cautious approach to the outlook for the second half of the year. Citi reiterated that the ranking order for the Chinese beer industry is China Resources Beer, Budweiser Asia Pacific, and Tsingtao Brewery, all three of which are rated as “buy.”

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